Outcome of Board Meeting dated 12.08.2025
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Awaiting price reaction for this filing.
Prakash Woollen & Synthetic Mills Ltd's board, at its meeting on August 12, 2025, approved the unaudited standalone financial results for Q1 FY26. Revenue from operations rose to Rs. 1,638.38 lakhs, up about 18% from Rs. 1,386.42 lakhs in the same quarter last year. Despite higher revenue, the company posted a loss before tax of Rs. 96.31 lakhs (vs Rs. 53.09 lakh loss in Q1 FY25), with a net loss of Rs. 18.69 lakhs and an EPS of minus Rs. 0.18. The statutory auditors issued an unqualified limited review report with no qualifications. The company noted that its blankets/textiles business is seasonal, so quarterly results are not representative of the full year.
Higher topline is encouraging but widening losses signal cost pressure, which may concern investors in the near term. The clean audit report is a positive; watch margin trends and any asset-sale-driven income in upcoming quarters.